Transparency in CFPB Cost-Benefit Analysis Act

12/29/2022, 6:33 PM

Transparency in CFPB Cost-Benefit Analysis Act

This bill sets forth information required to be included in a rulemaking made by the Consumer Financial Protection Bureau (CFPB). Specifically, the CFPB must publish a justification of the proposed rulemaking; a quantitative and qualitative assessment of all anticipated direct and indirect costs and benefits; alternatives to the proposed rulemaking; impacts on small businesses; and any assumptions, data, or studies used in preparing this information.

Congress
117

Number
S - 4522

Introduced on
2022-07-13

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/13/2022

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Transparency in CFPB Cost-Benefit Analysis Act

This bill sets forth information required to be included in a rulemaking made by the Consumer Financial Protection Bureau (CFPB). Specifically, the CFPB must publish a justification of the proposed rulemaking; a quantitative and qualitative assessment of all anticipated direct and indirect costs and benefits; alternatives to the proposed rulemaking; impacts on small businesses; and any assumptions, data, or studies used in preparing this information.

Alternative Names
Official Title as IntroducedA bill to enhance rulemaking requirements for the Bureau of Consumer Financial Protection, and for other purposes.

Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary10/4/2022

Transparency in CFPB Cost-Benefit Analysis Act

This bill sets forth information required to be included in a rulemaking made by the Consumer Financial Protection Bureau (CFPB). Specifically, the CFPB must publish a justif...


Latest Action7/13/2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.